Applicability of amendment of 1st Oct 07 of Bonus Act

Pallavi Tulpule

Please let me know ,

Applicability of amendment of 1st Oct 07 of Bonus Act .

Pallavi

M.Peer Mohamed Sardhar

Dear Friend,

Kindly click on the following link, it will give you some required information,

http://www.citehr.com/download-list.php?query=Bonus+Act

Pls let me know was this information useful,,

If not let me try out more & give information,,,,

Regards

M.Peer Mohamed Sardhar
093831 93832

gautamkg

Hi Pallavi,

The amendments in the Payment of Bonus Act are as follows:

1. Sn 2 (13) - definition of employee - any person other than an apprentice employed on a salary or wage not exceeding ten thousand rupees per mensem in any industry......

2. Sn 12 - Where the salary or wage if an employee exceeds three thousand rupees per mensem, the bonus payable to such employee under Sn 10 or, as the case may be, under Sn 11, shall be calculated as if his salary or wage were three thousand five hundred rupees per mensem

This means all employees with salary (Basic + DA) of upto Rs. 10,000/- will be covered under the Act. But for calculation of bonus, employees with salary of more than Rs. 3,500/-, the calculation will be as if her salary was Rs. 3500/-.

Hope the reply is clear.

gautamkg

Hi Pallavi,

The amendments in the Payment of Bonus Act are as follows:

1. Sn 2 (13) - definition of employee - any person other than an apprentice employed on a salary or wage not exceeding ten thousand rupees per mensem in any industry......

2. Sn 12 - Where the salary or wage if an employee exceeds three thousand rupees per mensem, the bonus payable to such employee under Sn 10 or, as the case may be, under Sn 11, shall be calculated as if his salary or wage were three thousand five hundred rupees per mensem

This means all employees with salary (Basic + DA) of upto Rs. 10,000/- will be covered under the Act. But for calculation of bonus, employees with salary of more than Rs. 3,500/-, the calculation will be as if her salary was Rs. 3500/-.

Hope the reply is clear.

Pallavi Tulpule

Dear All ,

Thanks for replay .

Can you tell me applicability means period ?

Is this amendment for April 2006 to 2007 or April 2007 to2008 ?

I want to exact period from which date it is applicable ?

Pallavi.

Pallavi Tulpule

Dear All ,

Thanks for replay .

Can you tell me applicability means period ?

Is this amendment for April 2006 to 2007 or April 2007 to2008 ?

I want to exact period from which date it is applicable ?

Pallavi.

purshottamsaini

Pallavi,

I think, it may be for the financial year 2007-2008. Because the bonus for the FY 2006-2007 is ready for disbursement everywhere.
But as far as my perception is concerned, the actual period of implementation of this amendment will be decide after coming winter session in parliament in Nov-07

Purshottam Saini

YBhatt2703

Dear All,
Could anyone tell me that what is the mathod to calculate bonus of an employee? let say one employee having 40 actual present day in Six months. how should we calculate his bonus? how we calculate his monthly bonus if he present 18,22 days for two months.

M.Peer Mohamed Sardhar

Good Piece of Information,,, Thank You,,,

For More on that, Pls Click the following links,

http://www.citehr.com/amendment-to-t...5-vt55828.html

http://www.citehr.com/download-list.php?query=Bonus

Regards

M.Peer Mohamed Sardhar
093831 93832

johnpaul

hai can u give a ammendment copy

it will very use ful to me

my mail id

john paul
9884520235